elvemore limited Company Information
Company Number
01816746
Registered Address
harry feeney toyota, 251 vicarage lane, blackpool, lancs, FY4 4XL
Industry
Sale of used cars and light motor vehicles
Sale of new cars and light motor vehicles
Telephone
01253607400
Next Accounts Due
September 2025
Group Structure
View All
Shareholders
harry feeney holdings ltd 99%
harry feeney 1%
elvemore limited Estimated Valuation
Pomanda estimates the enterprise value of ELVEMORE LIMITED at £5.4m based on a Turnover of £20.3m and 0.27x industry multiple (adjusted for size and gross margin).
elvemore limited Estimated Valuation
Pomanda estimates the enterprise value of ELVEMORE LIMITED at £0 based on an EBITDA of £-275k and a 3.81x industry multiple (adjusted for size and gross margin).
elvemore limited Estimated Valuation
Pomanda estimates the enterprise value of ELVEMORE LIMITED at £7.8m based on Net Assets of £2.6m and 2.98x industry multiple (adjusted for liquidity).
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Elvemore Limited Overview
Elvemore Limited is a live company located in blackpool, FY4 4XL with a Companies House number of 01816746. It operates in the sale of new cars and light motor vehicles sector, SIC Code 45111. Founded in May 1984, it's largest shareholder is harry feeney holdings ltd with a 99% stake. Elvemore Limited is a mature, large sized company, Pomanda has estimated its turnover at £20.3m with rapid growth in recent years.
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Elvemore Limited Health Check
Pomanda's financial health check has awarded Elvemore Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 3 areas for improvement. Company Health Check FAQs
4 Strong
5 Regular
3 Weak
Size
annual sales of £20.3m, make it in line with the average company (£17.7m)
£20.3m - Elvemore Limited
£17.7m - Industry AVG
Growth
3 year (CAGR) sales growth of 41%, show it is growing at a faster rate (8.6%)
- Elvemore Limited
8.6% - Industry AVG
Production
with a gross margin of 9.6%, this company has a higher cost of product (20.7%)
9.6% - Elvemore Limited
20.7% - Industry AVG
Profitability
an operating margin of -1.5% make it less profitable than the average company (3.7%)
-1.5% - Elvemore Limited
3.7% - Industry AVG
Employees
with 39 employees, this is similar to the industry average (39)
39 - Elvemore Limited
39 - Industry AVG
Pay Structure
on an average salary of £28.6k, the company has an equivalent pay structure (£32.8k)
£28.6k - Elvemore Limited
£32.8k - Industry AVG
Efficiency
resulting in sales per employee of £519.5k, this is more efficient (£351.7k)
£519.5k - Elvemore Limited
£351.7k - Industry AVG
Debtor Days
it gets paid by customers after 2 days, this is earlier than average (21 days)
2 days - Elvemore Limited
21 days - Industry AVG
Creditor Days
its suppliers are paid after 29 days, this is quicker than average (33 days)
29 days - Elvemore Limited
33 days - Industry AVG
Stock Days
it holds stock equivalent to 47 days, this is in line with average (53 days)
47 days - Elvemore Limited
53 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 9 weeks, this is average cash available to meet short term requirements (9 weeks)
9 weeks - Elvemore Limited
9 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 56.4%, this is a lower level of debt than the average (65.1%)
56.4% - Elvemore Limited
65.1% - Industry AVG
ELVEMORE LIMITED financials
Elvemore Limited's latest turnover from December 2023 is £20.3 million and the company has net assets of £2.6 million. According to their latest financial statements, Elvemore Limited has 39 employees and maintains cash reserves of £606.8 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Mar 2010 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Turnover | 20,261,909 | 18,841,228 | 13,698,929 | 12,001,359 | 10,212,662 | 10,796,317 | 10,319,010 | 10,314,849 | 8,089,597 | 11,643,712 | |||||
Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||
Cost Of Sales | 18,322,329 | 16,571,293 | 11,971,470 | 10,465,280 | 8,968,278 | 9,352,090 | |||||||||
Gross Profit | 1,939,580 | 2,269,935 | 1,727,459 | 1,536,079 | 1,244,384 | 1,444,227 | |||||||||
Admin Expenses | 2,246,779 | 1,654,532 | 1,389,820 | 1,208,647 | 1,599,222 | 1,097,644 | |||||||||
Operating Profit | -307,199 | 615,403 | 337,639 | 327,432 | -354,838 | 346,583 | 261,666 | 204,745 | 113,170 | 246,013 | |||||
Interest Payable | 15,203 | 10,948 | 30,965 | 46,972 | 79,817 | 79,515 | 76,339 | 78,351 | 53,174 | 55,202 | |||||
Interest Receivable | 0 | 6 | 145 | 163,855 | 0 | 71 | 310 | 0 | 0 | 0 | |||||
Pre-Tax Profit | -322,402 | 604,461 | 306,819 | 444,315 | -434,655 | 267,139 | 185,637 | 126,394 | 59,996 | 190,811 | |||||
Tax | -19,987 | -121,014 | -64,791 | -65,973 | -27,735 | -61,102 | -10,507 | -27,044 | -16,833 | 182,925 | |||||
Profit After Tax | -342,389 | 483,447 | 242,028 | 378,342 | -462,390 | 206,037 | 175,130 | 99,350 | 43,163 | 373,736 | |||||
Dividends Paid | 934,140 | 211,936 | 50,000 | 211,936 | 150,000 | 125,000 | 105,000 | 0 | 0 | 55,000 | |||||
Retained Profit | -1,276,529 | 271,511 | 192,028 | 166,406 | -612,390 | 81,037 | 70,130 | 99,350 | 43,163 | 318,736 | |||||
Employee Costs | 1,114,493 | 1,129,893 | 1,114,166 | 1,163,999 | 1,045,366 | 891,880 | 688,003 | 728,557 | 910,225 | 704,448 | 999,331 | ||||
Number Of Employees | 39 | 36 | 34 | 34 | 34 | 34 | 35 | 35 | 35 | 34 | 33 | 37 | 43 | 45 | 45 |
EBITDA* | -275,018 | 670,257 | 394,734 | 383,239 | -298,839 | 404,537 | 319,706 | 263,803 | 134,741 | 263,142 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Mar 2010 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Tangible Assets | 2,528,107 | 1,538,983 | 1,582,509 | 1,625,397 | 1,668,736 | 1,718,615 | 1,740,112 | 1,793,313 | 1,822,038 | 2,620,346 | 3,175,090 | 3,157,197 | 3,198,511 | 3,240,661 | 2,828,197 |
Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 48,123 | 48,123 | 0 | 48,123 |
Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Total Fixed Assets | 2,528,107 | 1,538,983 | 1,582,509 | 1,625,397 | 1,668,736 | 1,718,615 | 1,740,112 | 1,793,313 | 1,822,038 | 2,620,346 | 3,175,090 | 3,205,320 | 3,246,634 | 3,240,661 | 2,876,320 |
Stock & work in progress | 2,360,759 | 2,598,386 | 1,932,101 | 1,937,978 | 1,583,272 | 1,385,383 | 1,537,661 | 1,545,143 | 1,381,065 | 1,487,523 | 1,336,459 | 1,380,215 | 1,269,378 | 1,109,182 | 1,170,792 |
Trade Debtors | 129,003 | 184,886 | 111,238 | 62,324 | 140,674 | 139,042 | 222,904 | 280,138 | 273,321 | 252,738 | 203,630 | 241,696 | 305,585 | 223,180 | 437,918 |
Group Debtors | 0 | 26,678 | 17,209 | 30,608 | 12,227 | 1,525 | 1,275 | 1,002 | 539 | 276 | 8,132 | 32,977 | 73,797 | 71,492 | 123,849 |
Misc Debtors | 408,560 | 666,033 | 664,333 | 617,446 | 585,397 | 541,176 | 420,429 | 395,925 | 538,006 | 464,485 | 359,257 | 297,092 | 304,569 | 270,901 | 214,292 |
Cash | 606,812 | 232,181 | 486,537 | 106,154 | 500 | 99,678 | 127,481 | 187,382 | 135,385 | 70,591 | 68,983 | 29,132 | 94,148 | 301 | 489,072 |
misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total current assets | 3,505,134 | 3,708,164 | 3,211,418 | 2,754,510 | 2,322,070 | 2,166,804 | 2,309,750 | 2,409,590 | 2,328,316 | 2,275,613 | 1,976,461 | 1,981,112 | 2,047,477 | 1,675,056 | 2,435,923 |
total assets | 6,033,241 | 5,247,147 | 4,793,927 | 4,379,907 | 3,990,806 | 3,885,419 | 4,049,862 | 4,202,903 | 4,150,354 | 4,895,959 | 5,151,551 | 5,186,432 | 5,294,111 | 4,915,717 | 5,312,243 |
Bank overdraft | 0 | 0 | 23,930 | 23,050 | 114,205 | 21,385 | 20,598 | 0 | 19,110 | 0 | 742,291 | 0 | 0 | 71,748 | 0 |
Bank loan | 17,087 | 24,844 | 0 | 0 | 0 | 0 | 0 | 19,902 | 0 | 84,974 | 0 | 164,606 | 789,563 | 0 | 0 |
Trade Creditors | 1,500,012 | 694,012 | 699,540 | 761,461 | 648,133 | 518,463 | 809,522 | 895,016 | 881,804 | 729,294 | 508,348 | 740,784 | 690,034 | 420,174 | 986,598 |
Group/Directors Accounts | 88,557 | 0 | 0 | 0 | 0 | 23,151 | 42,325 | 44,738 | 129,037 | 31,350 | 0 | 0 | 0 | 0 | 91,899 |
other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 53,438 | 104,078 | 110,440 | 30,898 | 30,898 | 30,898 | 11,049 |
other current liabilities | 1,726,626 | 1,100,644 | 891,553 | 804,259 | 633,553 | 861,635 | 775,453 | 864,386 | 860,653 | 1,173,429 | 983,848 | 836,762 | 995,456 | 881,886 | 1,162,061 |
total current liabilities | 3,332,282 | 1,819,500 | 1,615,023 | 1,588,770 | 1,395,891 | 1,424,634 | 1,647,898 | 1,824,042 | 1,944,042 | 2,123,125 | 2,344,927 | 1,773,050 | 2,505,951 | 1,404,706 | 2,251,607 |
loans | 0 | 17,087 | 41,931 | 65,861 | 88,911 | 111,112 | 132,497 | 153,033 | 172,935 | 886,401 | 299,464 | 959,299 | 393,053 | 1,182,475 | 855,106 |
hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 10,799 | 41,697 | 73,904 | 104,060 | 44,312 |
Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
provisions | 71,982 | 51,995 | 49,919 | 50,996 | 52,603 | 54,972 | 52,695 | 53,985 | 53,562 | 73,024 | 70,562 | 67,624 | 46,571 | 49,194 | 29,099 |
total long term liabilities | 71,982 | 69,082 | 91,850 | 116,857 | 141,514 | 166,084 | 185,192 | 207,018 | 226,497 | 959,425 | 380,825 | 1,068,620 | 513,528 | 1,335,729 | 928,517 |
total liabilities | 3,404,264 | 1,888,582 | 1,706,873 | 1,705,627 | 1,537,405 | 1,590,718 | 1,833,090 | 2,031,060 | 2,170,539 | 3,082,550 | 2,725,752 | 2,841,670 | 3,019,479 | 2,740,435 | 3,180,124 |
net assets | 2,628,977 | 3,358,565 | 3,087,054 | 2,674,280 | 2,453,401 | 2,294,701 | 2,216,772 | 2,171,843 | 1,979,815 | 1,813,409 | 2,425,799 | 2,344,762 | 2,274,632 | 2,175,282 | 2,132,119 |
total shareholders funds | 2,628,977 | 3,358,565 | 3,087,054 | 2,674,280 | 2,453,401 | 2,294,701 | 2,216,772 | 2,171,843 | 1,979,815 | 1,813,409 | 2,425,799 | 2,344,762 | 2,274,632 | 2,175,282 | 2,132,119 |
Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Mar 2010 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Operating Activities | |||||||||||||||
Operating Profit | -307,199 | 615,403 | 337,639 | 327,432 | -354,838 | 346,583 | 261,666 | 204,745 | 113,170 | 246,013 | |||||
Depreciation | 32,181 | 54,854 | 58,886 | 67,200 | 74,223 | 71,518 | 70,215 | 57,095 | 55,807 | 55,999 | 57,954 | 58,040 | 59,058 | 21,571 | 17,129 |
Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Tax | -19,987 | -121,014 | -64,791 | -65,973 | -27,735 | -61,102 | -10,507 | -27,044 | -16,833 | 182,925 | |||||
Stock | -237,627 | 666,285 | -5,877 | 354,706 | 197,889 | -152,278 | -7,482 | 164,078 | -106,458 | 151,064 | -43,756 | 110,837 | 160,196 | 1,109,182 | 1,170,792 |
Debtors | -340,034 | 84,817 | 82,402 | -27,920 | 56,555 | 37,135 | -32,457 | -134,801 | 94,367 | 146,480 | -746 | -112,186 | 118,378 | 565,573 | 776,059 |
Creditors | 806,000 | -5,528 | -61,921 | 113,328 | 129,670 | -291,059 | -85,494 | 13,212 | 152,510 | 220,946 | -232,436 | 50,750 | 269,860 | 420,174 | 986,598 |
Accruals and Deferred Income | 625,982 | 209,091 | 87,294 | 170,706 | -228,082 | 86,182 | -88,933 | 3,733 | -312,776 | 189,581 | 147,086 | -158,694 | 113,570 | 881,886 | 1,162,061 |
Deferred Taxes & Provisions | 19,987 | 2,076 | -1,077 | -1,607 | -2,369 | 2,277 | -1,290 | 423 | -19,462 | 2,462 | 2,938 | 21,053 | -2,623 | 49,194 | 29,099 |
Cash flow from operations | 1,734,625 | 3,780 | 318,034 | 149,629 | -211,129 | 305,525 | 223,657 | 338,992 | -205,593 | 676,974 | |||||
Investing Activities | |||||||||||||||
capital expenditure | -28,370 | -7,499 | -12,760 | -30,363 | -16,727 | -65,031 | -385,508 | -1,544,492 | |||||||
Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -48,123 | 0 | 48,123 | 0 | 48,123 |
cash flow from investments | -28,370 | -7,499 | -12,760 | 17,760 | -16,727 | -113,154 | -385,508 | -1,592,615 | |||||||
Financing Activities | |||||||||||||||
Bank loans | -7,757 | 24,844 | 0 | 0 | 0 | 0 | -19,902 | 19,902 | -84,974 | 84,974 | -164,606 | -624,957 | 789,563 | 0 | 0 |
Group/Directors Accounts | 88,557 | 0 | 0 | 0 | -23,151 | -19,174 | -2,413 | -84,299 | 97,687 | 31,350 | 0 | 0 | 0 | 0 | 91,899 |
Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Long term loans | -17,087 | -24,844 | -23,930 | -23,050 | -22,201 | -21,385 | -20,536 | -19,902 | -713,466 | 586,937 | -659,835 | 566,246 | -789,422 | 1,182,475 | 855,106 |
Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -53,438 | -50,640 | -17,161 | 48,644 | -32,207 | -30,156 | 134,958 | 55,361 |
other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
share issue | |||||||||||||||
interest | -15,203 | -10,942 | -30,820 | 116,883 | -79,817 | -79,444 | -76,029 | -78,351 | -53,174 | -55,202 | |||||
cash flow from financing | 595,451 | -10,942 | -168,557 | -634,510 | 606,283 | -855,241 | -166,947 | -108,366 | 3,396,378 | 2,760,547 | |||||
cash and cash equivalents | |||||||||||||||
cash | 374,631 | -254,356 | 380,383 | 105,654 | -99,178 | -27,803 | -59,901 | 51,997 | 64,794 | 1,608 | 39,851 | -65,016 | 93,847 | 301 | 489,072 |
overdraft | 0 | -23,930 | 880 | -91,155 | 92,820 | 787 | 20,598 | -19,110 | 19,110 | -742,291 | 742,291 | 0 | -71,748 | 71,748 | 0 |
change in cash | 374,631 | -230,426 | 379,503 | 196,809 | -191,998 | -28,590 | -80,499 | 71,107 | 45,684 | 743,899 | -702,440 | -65,016 | 165,595 | -71,447 | 489,072 |
elvemore limited Credit Report and Business Information
Elvemore Limited Competitor Analysis
Perform a competitor analysis for elvemore limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other large companies, companies in FY4 area or any other competitors across 12 key performance metrics.
elvemore limited Ownership
ELVEMORE LIMITED group structure
Elvemore Limited has no subsidiary companies.
elvemore limited directors
Elvemore Limited currently has 2 directors. The longest serving directors include Mr Harry Feeney (Dec 1991) and Mr Andrew Harrison (Feb 1994).
officer | country | age | start | end | role |
---|---|---|---|---|---|
Mr Harry Feeney | England | 79 years | Dec 1991 | - | Director |
Mr Andrew Harrison | 57 years | Feb 1994 | - | Director |
P&L
December 2023turnover
20.3m
+8%
operating profit
-307.2k
-150%
gross margin
9.6%
-20.54%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
2.6m
-0.22%
total assets
6m
+0.15%
cash
606.8k
+1.61%
net assets
Total assets minus all liabilities
elvemore limited company details
company number
01816746
Type
Private limited with Share Capital
industry
45112 - Sale of used cars and light motor vehicles
45111 - Sale of new cars and light motor vehicles
45200 - Maintenance and repair of motor vehicles
incorporation date
May 1984
age
40
incorporated
UK
ultimate parent company
accounts
Medium Company
last accounts submitted
December 2023
previous names
N/A
accountant
-
auditor
CHAMPION ACCOUNTANTS LLP
address
harry feeney toyota, 251 vicarage lane, blackpool, lancs, FY4 4XL
Bank
YORKSHIRE BANK PLC, YORKSHIRE BANK PLC, YORKSHIRE BANK PLC
Legal Advisor
-
elvemore limited Charges & Mortgages
A charge, or mortgage, refers to the rights a company gives to a lender in return for a loan, often in the form of security given over business assets.
We found 11 charges/mortgages relating to elvemore limited. Currently there are 8 open charges and 3 have been satisfied in the past.
elvemore limited Companies House Filings - See Documents
date | description | view/download |
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